There’s no doubt that post-Sarbanes-Oxley, the role of internal audit at public companies has changed dramatically. And during the first year of compliance with the onerous Section 404 of the Act, internal auditors played a key role in helping companies meet those requirements.
With internal audit expected to continue to play a critical part in ongoing compliance efforts, companies may need to re-consider how their IA departments function within their organizations. That’s according to Deloitte & Touche, which recently published a paper on the subject, “Optimizing the Role of Internal Audit in the Sarbanes-Oxley Era,” which offers management and audit committee members some recommendations on structuring internal audit.
